Published on 4/21/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $971,000 capped return enhanced notes on Euro Stoxx 50
By Jennifer Chiou
New York, April 21 - JPMorgan Chase & Co. priced $971,000 of 0% capped return enhanced notes due May 6, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 22%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Capped return enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $971,000
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Maturity: | May 6, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 22%; exposure to losses
|
Initial level: | 3,155.81
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Pricing date: | April 17
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Settlement date: | April 23
|
Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48127DFD5
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